Gap PT Raised to $41.00 at FBR Capital Markets (GPS)
Investment analysts at FBR Capital Markets boosted their price objective on shares of Gap (NYSE:GPS) from $38.00 to $41.00 in a note issued to investors on Tuesday, Analyst RN reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ target price would indicate a potential upside of 4.22% from the stock’s previous close.
A number of other analysts have also recently weighed in on GPS. Analysts at Zacks reiterated a “neutral” rating on shares of Gap in a research note to investors on Wednesday, December 11th. They now have a $41.00 price target on the stock. Separately, analysts at Jefferies Group downgraded shares of Gap from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 6th. They now have a $40.00 price target on the stock, down previously from $51.00. Finally, analysts at Argus downgraded shares of Gap from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. Gap presently has an average rating of “Hold” and an average price target of $43.13.
Gap (NYSE:GPS) traded up 0.74% on Tuesday, hitting $39.34. 6,686,217 shares of the company’s stock traded hands. Gap has a one year low of $30.73 and a one year high of $46.56. The stock has a 50-day moving average of $39.73 and a 200-day moving average of $41.10. The company has a market cap of $17.663 billion and a price-to-earnings ratio of 13.93.
Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.01. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Gap will post $2.69 earnings per share for the current fiscal year.
The Gap, Inc (NYSE:GPS) is a global specialty apparel company.
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